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Chartered Institute of Taxation feedback on Biden’s risk of tariffs on UK items

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Commenting on the Biden administration’s threats of tariffs on UK items in ‘tech tax’ row, the Chartered Institute of Taxation’s Director of Public Coverage, John Cullinane, mentioned:

“The UK Authorities at all times mentioned that its unilateral Digital Companies Tax can be withdrawn if a suitable multilateral deal for taxing multinationals within the digital financial system may very well be reached by the OECD. Current alerts from the US and others concerned in these negotiations have typically been constructive. This newest information – though apparently ‘simply course of’ –  is a reminder that we aren’t out of the woods till a deal is definitely made.”

Greatest,

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